CAclubindia Articles
Conversion of Sole - Proprietorship into private limited company
Tanuj Chandra Saxenaa 10 December 2021 at 11:08A Sole Proprietorship is a business entity that is wholly owned and controlled by an individual, it is a good form of business for individuals who want to start small but as business grows it necessitate converting it into some greater form for greater advantages.
Legal Provisions for Checklist and Closure of LLP or Strike off of an LLP
Tanuj Chandra Saxenaa 10 December 2021 at 11:01Rule 37 of the Limited Liability Rules, 2009 deals with the striking off name of Defunct LLP. Defunct means those LLPs which are not functioning or not operating.
Corporate Funding | An analysis
Tanuj Chandra Saxenaa 10 December 2021 at 09:44A Company is a Big Holistic and Multi Dimensional Business organization and multiple functions take place on daily basis.
All about transmission of shares
Tanuj Chandra Saxenaa 10 December 2021 at 09:44Transmission of shares is a process by operation of law where under the Shares are registered in a Company in the name of deceased person or an insolvent person are registered in the name of his legal heirs by the Company on proof of death or insolvency as the case may be.
Procedure to strike off/closure of a company
Tanuj Chandra Saxenaa 10 December 2021 at 09:44The company must extinguish all its liabilities as a first step for strike off.
IBBI clarifies role of RP & liquidator in avoidance transactions
CS Lalit Rajput 10 December 2021 at 09:44The Insolvency and Bankruptcy Board of India (IBBI) vide Facilitation / 001 / 2020 dated 08th May, 2020 has issued circular on Role of Resolution Professional / Liquidator in respect of Avoidance Transactions for educating the IPs and other stakeholders.
Section 151: Sanction for Issue of Notice - An Important Safeguard
CA, CPA (USA) Shikhar Garg 10 December 2021 at 09:44Section 151 of the Income Tax Act 1961(Act), provides that Assessing officer (AO) has to take approval from the higher authority before issuing the notice u/s 148. AO, by the provisions of section 147 of the Act, has the power, to reopen the already completed Assessment.
All about MGT-14: Filing of special resolutions to the ROC
Tanuj Chandra Saxenaa 09 December 2021 at 17:19MGT-14 needs to be Filed by a Company with the Registrar of Companies (RoC) in accordance with section 94(1) and 117(1) of the Companies Act 2013 and the rules made thereunder.
Valuation & provisional assessments under customs
Vivek Jalan 09 December 2021 at 09:52Valuation is one of the most crucial aspect for an organisation engaged in import and export of gems, precious and semi-precious stones considering high value transactions.
Consequence of non-filing of appeal in respect of cases where the tax effect is less than the prescribed monetary limit
FCS Deepak Pratap Singh 09 December 2021 at 09:33As you are aware that the Commissioner may, of he objects to any order passed by the Commissioner (Appeal) under Section 154 or Section 250, direct the Assessing Officer to appeal to the Tribunal against the said order. However, such direction shall be given only in those cases only in those cases where Tax Effect exceeds the specified amount.
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